Marathon Digital stock price forecast: $11.49 support as MARA falls 5.31%
Marathon Digital (MARA) shares fell by 5.31% to $11.78, trading below key moving averages due to a larger-than-expected Q1 loss driven by Bitcoin volatility and lower production. The company is undergoing a strategic shift, acquiring Long Ridge and launching an AI-focused joint venture, which resulted in a $45.9 million restructuring charge and a 15% workforce reduction. Technical analysis indicates prevailing downside risks, with a critical support level at $11.49, as cautious sentiment dominates amid ongoing operational restructuring.
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